Just Group
Five stories you may have missed this week
This week’s top stories included the launch of Scottish Widows’ ESG exclusions policy, while Deloitte acquired the admin and actuarial business of Kerr Henderson.
Baker Hughes agrees £100m buy-in with Just
The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.
Simpler wake-up packs 'failing' to encourage savers to take up guidance
Simpler retirement ‘wake-up packs’ are not encouraging pension savers to take up free guidance, according to the Financial Conduct Authority (FCA).
Just completes £340m buy-in with Ibstock scheme
Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.
Just becomes first UK insurer to issue a green bond
Just Group has launched its inaugural green bond, raising £250m and becoming the first UK insurer to launch such an asset.
DC pot first-time access hit high record in March
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
Just Group completes £460m of de-risking deals in H1
Just Group completed £460.3m of bulk annuity deals in the six months to 30 June, its half-year results have revealed.
Premaberg scheme agrees £5m buy-in deal with Just Group
The Premaberg Holdings Limited Retirement Benefits Plan has agreed a £5m buy-in transaction with Just Group.
Leonardo Electronics completes £160m buy-in with Just
The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.
Just completes £66m buy-ins with NG Bailey Scheme
The NG Bailey Scheme has agreed two pensioner buy-ins worth £66m with Just Group with support from K3 Advisory.
Just Group reports £1.2bn of bulk annuities last year
Another £1.2bn of defined benefit (DB) scheme liabilities were insured by Just Group last year, according to its preliminary full-year results.
Unsuitable DB transfers could result in £20bn in losses
The Financial Conduct Authority (FCA) revealed unsuitable transfers out of defined benefit (DB) schemes could result in collective losses of up to £20bn worth of guarantees over five years.
Just Group exploring DB de-risking partnership while bulk annuity deals fall
Just Group is exploring a defined benefit (DB) de-risking partnering approach as part of the development of a capital light fee business, according to its half-year results.
Sportech scheme completes buy-in with Just
The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
HMRC has 'no clue' how many members have faced pension tax allowance fines
HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax allowance rules, a Freedom of Information request has revealed.
Rodney Cook to retire from Just Group
Just Group chief executive Rodney Cook has announced his retirement with immediate effect.
Investment firms dominate list of worst gender pay gaps of pension companies
JP Morgan Securities has reported the highest gender pay gap of any UK firm working with occupational pension schemes in 2017/18, PP analysis finds.
Five stories you may have missed this week
This week's top stories included two more master trusts applying for authorisation as the market continues to reshape under the strengthened regime.
Just transacts £1.3bn of bulk annuities in 2018 after final buy-in with Pfizer
Just Group has completed a £158m pensioner buy-in with the Wyeth Group Pension and Life Assurance Scheme, bringing its total bulk annuity sales for 2018 to £1.3bn.
'Harsher' allowances hit a million 'pension dippers', finds Just Group
More than one million people aged over 55 are now subject to harsher pension contribution limits as a result of using the pension freedom rules, Just Group research has found.
'Healthy' life expectancy falls for women but improves for men
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Drawdown 'increasingly common' as HMRC data shows £2bn withdrawn in Q3
Pension drawdowns are becoming "increasingly common", according to Just Group's Stephen Lowe, as the latest HM Revenue & Customs (HMRC) figures show £2bn was withdrawn from pension schemes in the third quarter of 2018.
Just Group nets £1.1bn of bulk annuity deals
Bulk annuity sales at Just Group have nearly doubled, with total deals amounting to nearly £1.1bn, the insurer's nine-month results reveal.
Most read
